Publix Advances In Q1

Publix reported a robust first quarter, with strong sales growth and earnings boosted by gains on equity securities.

Sales for the three months ended March 30, 2019, were $9.7 billion, a 4.3% increase from $9.3 billion in 2018’s first quarter. Comparable store sales increased 1.9%. The company estimates the increase in sales was 1.2% lower due to the effect of the Easter holiday being in the second quarter in 2019 and in the first quarter in 2018.

Net earnings for the first quarter were $981 million, compared to $680.3 million in 2018, an increase of 44.2%. Earnings per share increased to $1.37 per share, up from $0.93 per share in 2018. Net earnings and earnings per share were impacted by net unrealized gains and losses on equity securities.

Excluding the impact of net unrealized gains on equity securities in 2019 and net unrealized losses on equity securities in 2018, net earnings for the quarter would have been $741.7 million, compared to $704.2 million in 2018, an increase of 5.3%. Earnings per share would have been $1.04 per share, compared to $0.96 per share in 2018.

HomeWorld Highlights

This is the fifth installment of a special series, presented by the National Hardware Show, exploring key trends and developments driving the growth of housewares and home goods in the home improvement retail business.

Home grillers in recent years have expanded their menu beyond hamburgers, hot dogs and steak and are now comfortable grilling a variety of foods from fruits and vegetables to pizza.

Current Issue

Executive Editor Greg Sleter highlights the May 13 issue of HomeWorld Business, which includes the annual Home Beverage Report and a look at the test that puts Kohl's and Aldi under one roof. Play video